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Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. It is generally equivalent to the title of chartered accountant in other English-speaking countries. In the United States, the CPA is a license to provide accounting services to the public. It is awarded by each of the 50 ...
They may even have their CPA, or be a CPA candidate. In addition to general accounting duties, they help company's management to analyze the economic health of the organization, usually through timely financial reports and counsel. They may or may not have supervisory responsibilities over junior accountants and/or clerical personnel. [5]
CPAA offers the designations of Certified Public Accountant (ACPA or FCPA). The American CPA Institute is the main accounting qualification in the United States; there are also many CPAs in China, Australia, and elsewhere. [2] CPAA was founded in 1989 to offer a British version. [3]
The Chartered Global Management Accountant (CGMA) is the most widely held management accounting designation in the world with more than 137,000 holders. [2] It recognizes professionals who have advanced proficiency in finance, operations, strategy and management and is underpinned by global research to maintain relevance with employers, and develop competencies most in demand.
Since 2012, the CICA has been in a process of unification with the other two accounting bodies in Canada. Canadian CA's, along with Certified General Accountants (CGAs) and Certified Management Accountants (CMAs), have now adopted the designation Chartered Professional Accountant (CPA), making the term "chartered accountant" obsolete. [12]
Management accounting is an applied discipline used in various industries. The specific functions and principles followed can vary based on the industry. Management accounting principles in banking are specialized but do have some common fundamental concepts used whether the industry is manufacturing-based or service-oriented.
On October 1, 2014, the union of Canada's accounting profession became complete with the integration of the CGA-Canada and CPA Canada, placing all of Canada's recognized national accounting bodies under the singular CPA banner. [14] The Canadian CPA designation has since grown to more than 210,000 members in Canada and around the world. [15]
AICPA and its predecessors date back to 1887, when the American Association of Public Accountants (AAPA) was formed. [4] [5] The Association went through several name changes over the years: the Institute of Public Accountants (1916), the American Institute of Accountants (1917), and the American Society of Public Accountants (1921), which merged into the American Institute of Accountants in ...